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Headlines for July 15, 2025

Housing Network Steps up Efforts to Require NJ to Dedicate Mansion Tax to Affordable Housing

NJ’s officials must use mansion tax to restore affordable housing funds now

Advocates Launch “Fix It! Restore Affordable Home Funding” Campaign to Reverse Affordable Housing Trust Fund Diversion

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NJ’s officials must use mansion tax to restore affordable housing funds now
By Staci Berger and Edward Bethea - July 15, 2025

New Jersey has taken a meaningful step by increasing taxes on luxury real estate transactions, but by failing to dedicate that revenue to affordable homes, state leaders have missed a critical opportunity to address one of our biggest challenges.

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